Mumbai: The auto to aerospace conglomerate Mahindra signed two joint ventures to enhance further its presence in India’s utility aircraft and aerostructure manufacturing sector. Through its joint venture with Airbus Helicopters, Mahindra Defence will become the “first private Indian helicopter manufacturer under the ‘Make in India’ initiative,” the companies said on Friday.
The JV will set up a unit to manufacture helicopters for the Indian Armed Forces to meet the country’s military requirements.
“Both companies will now get into discussions to finalise the formation of the joint venture which will act as the prime contractor for India’s military helicopter tenders including the reconnaissance and surveillance helicopter, the Naval utility helicopter and the Naval multi-role helicopter procurement programmes,” the firms said in a statement.
S. P. Shukla, Mahindra group president (aerospace and defence sector) and chairman, Mahindra Defence Systems, said the JV would produce “India’s next generation helicopters that will not only answer our country’s defence needs but will also have the potential for exports in the future.
04/07/15 Asian Age
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The JV will set up a unit to manufacture helicopters for the Indian Armed Forces to meet the country’s military requirements.
“Both companies will now get into discussions to finalise the formation of the joint venture which will act as the prime contractor for India’s military helicopter tenders including the reconnaissance and surveillance helicopter, the Naval utility helicopter and the Naval multi-role helicopter procurement programmes,” the firms said in a statement.
S. P. Shukla, Mahindra group president (aerospace and defence sector) and chairman, Mahindra Defence Systems, said the JV would produce “India’s next generation helicopters that will not only answer our country’s defence needs but will also have the potential for exports in the future.
04/07/15 Asian Age
